Slide 1: Q1 2023 Financial Results Call
Q1 2023 Financial Results Call 2:00 pm PST May 9, 2023
Slide 2: Yaoxian Chew, Investor Relations
Yaoxian Chew Investor Relations © 2023 Amplitude Inc. All Rights Reserved. 2
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying oral presentation have been prepared by Amplitude, Inc. (the “Company”). Certain statements in this presentation and the accompanying oral commentary are forward-looking statements. These statements relate to the Company’s financial outlook for the s
Slide 4: Spenser Skates, CEO and Co-Founder
Spenser Skates CEO and Co-Founder © 2023 Amplitude Inc. All Rights Reserved. 4
Slide 5: Q1 Financial Results Highlights
Q1 Financial Results Highlights $66.5M 2,175 106%/114% Revenue increased Paying customers increased Dollar-based by 25% Y/Y by 28% Y/Y net retention rate / Trailing 12M Dollar-based net retention rate (across paying customers) as of March 31, 2023 © 2023 Amplitude Inc. All Rights Reserved. 5
Slide 6: Q1 2023 Notable Customer Wins + Expansions
Q1 2023 Notable Customer Wins + Expansions WINS EXPANSIONS © 2023 Amplitude Inc. All Rights Reserved. 6
Slide 7: Q1 2023 Customer Highlights
Q1 2023 Customer Highlights © 2023 Amplitude Inc. All Rights Reserved. 7
Slide 8: Product Update
Product Update © 2021 Amplitude Inc. Confidential. All Rights Reserved.
Slide 9: Spenser Skates, CEO and Co-Founder
Spenser Skates CEO and Co-Founder © 2023 Amplitude Inc. All Rights Reserved. 9
Slide 10: Amplitude's new Chief Revenue Officer
INTRODUCING Amplitude’s new Chief Revenue Officer Nate Crook Chief Revenue Officer © 2023 Amplitude Inc. All Rights Reserved. 10
Slide 11: Spenser Skates, CEO and Co-Founder
Spenser Skates CEO and Co-Founder © 2023 Amplitude Inc. All Rights Reserved. 11
Slide 12: Criss Harms, CFO
Criss Harms CFO © 2023 Amplitude Inc. All Rights Reserved. 12
Slide 13: Strong Revenue and Customer Metrics
Strong Revenue and Customer Metrics Q1 2023 Result $66.5M Revenue +25% Y/Y $262M Annual Recurring Revenue (ARR) +25% Y/Y 2,175 Total Paying Customers +28% Y/Y TTM Dollar-Based Net Retention Rate as of 114% March 31, 2023 Dollar-Based Net Retention Rate as of March 106% 31, 2023 © 2023 Amplitude Inc.
Slide 14: Q1 2023 Remaining Performance Obligations (RPO)
Q1 2023 Remaining Performance Obligations (RPO) RPO Current RPO $240M $192M +24% Y/Y +28% Y/Y 80% of RPO © 2023 Amplitude Inc. All Rights Reserved. 14
Slide 15: Non-GAAP Financial Results
Non-GAAP Financial Results* Q1 2023 Result Gross Margin 75% Operating Margin (12%) $(0.04) Net Loss Per Share 114.4 million shares Free Cash Flow Margin (9%) Cash, Cash Equivalents and $298M Marketable Securities (GAAP) * Unless otherwise noted, all metrics are Non-GAAP. Gross margin, operating marg
Slide 16: Guidance
Guidance Q2 2023 FY 2023 $66.5 - $67.2M $266 - $269M Revenue +14% to +16% Y/Y +12% to +13% Y/Y Non-GAAP Operating Margin $(1.1) - $(0.6)M $(8.4) - $(6.0)M Non-GAAP Net Income Per Share $0.01 - $0.02 $0.02 - $0.04 Weighted Average Shares Outstanding 116.5M shares 117.5M shares An outlook for GAAP los
Slide 17: Criss Harms, CFO
Criss Harms CFO © 2023 Amplitude Inc. All Rights Reserved. 17
Slide 18: Sell-Side Analyst Q&A
Sell-Side Analyst Q&A © 2023 © Amplitude 2021 Amplitude Inc. All Inc. Rights Confidential. 18 Reserved. All Rights Reserved.
Slide 19: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation © 2023 © Amplitude 2021 Amplitude Inc. All Inc. Rights Confidential. 19 Reserved. All Rights Reserved.
Slide 20: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 1 Stock-based compensation expense-related charges include employer payroll tax-related expenses on employee stock transaction 2 Margin represents percentage of GAAP revenue © 2023 Amplitude Inc. All Rights Reserved. 20
Slide 21: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation 1 Stock-based compensation expense-related charges include employer payroll tax-related expenses on employee stock transaction © 2023 Amplitude Inc. All Rights Reserved. 21
Slide 22: GAAP Cash Flows from Operating Activities to Free Cash Flow
GAAP Cash Flows from Operating Activities to Free Cash Flow 1 Margin represents percentage of GAAP revenue © 2023 Amplitude Inc. All Rights Reserved. 22